For all the people her ei can say is the days of nbfcs are over. Even the PSU banks are pushing their employees agressively to sell gold loans and credit cards and other insurance products. Except the Bajaj finance there is literally no hope for any other nbfc to become a gaint. This is evident in the valuation they get in the market. These companies shares didn’t move anywhere in the last few years and they won’t go anywhere in the foreseeable future. I request the boarders here to be realistic and ask themselves if they want a gold loan will they avail from a bank at 9 % or will they go to nbfc and get it at 20%. I request them not to give silly reasons. People have become more financially aware and this is irreversible.
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